Welcome to our dedicated page for Radius Recycling news (Ticker: RDUS), a resource for investors and traders seeking the latest updates and insights on Radius Recycling stock.
Radius Recycling Inc (RDUS) operates North America's premier vertically integrated metals platform, combining recycling operations with auto parts retail and steel production. This page serves as the definitive source for corporate announcements, financial results, and operational developments across all business segments.
Investors and industry professionals will find curated press releases covering quarterly earnings, sustainability initiatives, facility expansions, and strategic partnerships. Our news collection prioritizes official statements about metal recovery innovations, retail network growth, and manufacturing process enhancements.
Key content categories include updates on ferrous/nonferrous market positioning, automotive parts distribution milestones, and steel product innovations. All materials are organized chronologically to help track the company's progress in optimizing its integrated value chain.
Bookmark this page for direct access to primary source materials about RDUS's operational strategies. Check back for real-time updates on how the company maintains leadership through technological investments and supply chain management in the recycling sector.
Radius Recycling (NASDAQ: RDUS) reported Q4 and fiscal 2024 results with a net loss of $(16) million, or $(0.56) per share, showing improvement from Q3. Q4 Adjusted EBITDA reached $17 million, nearly double compared to Q3. The company saw significant sequential improvements with ferrous sales volumes up 12%, nonferrous sales volumes up 13%, and finished steel sales up 11%. Performance was driven by stronger nonferrous market conditions, expanded recycled metal spreads, and benefits from the $70 million annual cost reduction program. The Board declared a quarterly dividend of $0.1875 per share.
Radius Recycling (NASDAQ: RDUS) has announced the date for its fourth quarter and fiscal 2024 earnings report. The company will release its financial results on Thursday, October 24, 2024, for the period ended August 31, 2024. A webcast conference call is scheduled for 11:30 a.m. Eastern Time on the same day to discuss the results.
Investors can access the webcast and accompanying slide presentation on the company's website at www.radiusrecycling.com/company/investors. The call will be hosted by Tamara Lundgren, Chairman and CEO, and Stefano Gaggini, Senior VP and CFO.
Radius Recycling (NASDAQ: RDUS) reported its financial results for Q3 fiscal 2024, ending May 31, 2024. The company experienced a net loss of $199 million, translating to a loss per share of $(6.97), attributed mainly to a $216 million non-cash goodwill impairment charge. Adjusted EBITDA improved to $9 million from $3 million in the prior quarter, driven by higher nonferrous and ferrous sales volumes and productivity improvements, though offset by lower ferrous prices. Adjusted loss per share was $(0.59), improving from $(1.04) in Q2. Nonferrous sales prices rose by 10%, while ferrous prices declined by 9%, reflecting divergent market trends. Rolling mill utilization increased to 88% from 81% in the prior quarter. The Board declared a quarterly dividend of $0.1875 per share, payable on August 5, 2024. The company also announced an amendment to its credit agreement, providing relaxed financial covenants and secured revolving credit facilities up to $800 million.
Radius Recycling (NASDAQ: RDUS) will announce its financial results for the third quarter of fiscal 2024, which ended on May 31, 2024, on July 2, 2024. A webcast conference call to discuss the results is scheduled for the same day at 11:30 a.m. Eastern Time. The webcast and accompanying slide presentation can be accessed via the company's investor relations webpage. The call will be hosted by Chairman and CEO Tamara Lundgren, along with Senior VP and CFO Stefano Gaggini.
